South Africa’s credit rating downgraded to ‘junk’ status

South African President Jacob Zuma dismissed finance minister Pravin Gordhan last week as part of a cabinet reshuffle.

    South African President Jacob Zuma dismissed finance minister Pravin Gordhan last week as part of a cabinet reshuffle.

    The move was followed by South Africa's credit rating being downgraded to ‘junk’ status by credit rating agency Standard and Poor's.

    This move is now threatening to split his ruling ANC party.

    Al Jazeera’s Fahmida Miller reports from Johannesburg.


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